Nigeria: NNPC announces Strategic Supply Measures

Oil

The Nigerian National Petroleum Corporation (NNPC) has put in place strategic measures to ensure uninterrupted supply of petroleum products up till May 2017.

A statement released by Mr. Ndu Ughamadu, Group General Manager, Group Public Affairs Division, stated that NNPC has in stock, a robust inland supply of over 1.2 billion litres of petrol sufficient for more than 34 days forward consumption.

The Corporation’s product supply outlook for March to May, 2017, further shows that steps have been taken to ensure adequate supply of diesel and aviation fuel.

For Automotive Gas Oil and Aviation Turbine Kerosene, NNPC said it will continue to import to supplement local refining.

Also, the Central Bank of Nigeria has released foreign exchange to marketers to import AGO and ATK.

In addition, NNPC has re-commissioned its strategic 479.2 kilometres System 2B petroleum products pipeline network which stretches from the Atlas Cove-Mosimi-Ejigbo-Ibadan, terminating at Ilorin which will enhance effective distribution of petroleum products nationwide, especially with the envisaged resumption of loading activities at the Mosimi, Ejigbo and Ibadan depots.

“Calabar and Aba depots have been stocked with AGO while AGO loadout at Kano depot would commence soon,” the statement read.

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